Tax Deductible on a house hack?

[Michael J Scanlon]

So I’m a bit confused about what I can and can not deduct in taxes when my rental property is a house hack. I’ve compiled this list with what I’ve found to be deductible and what might be. I am living in one room and renting the other 2. Everything I’ve found online is either “personal residence” or “rental property” so obviously this is a mixed bag and creates some confusion. Thanks!

Tax deductible

PMI

MIP/84 months

Utilities

2/3 depreciation

Property taxes

Mortgage interest

HOA

Insurance

Expenses/repairs

Maybe?

Inspection

Appraisal

Pass through deduction

Attorney fees

[Natalie Kolodij]

It's likely not 2/3 depreciation. 

You are ONLY allowed to depreciate full busines use square footage- so the rooms you rent, and if they have a private bath. You can't take a split on shared areas. 

On your shared square footage you can allocate and deduct that % of all normal rental expenses.